Carbon Financial Services

Last Thursday at #COP29 in Baku, I was proud to launch a Letter of Authorization (LoA) template to facilitate guarantee issuance for private investors engaged in Article 6 carbon markets. This innovation will improve the legal rights to carbon credits and aim to mitigate key political risks associated with the delivery and use of carbon credits - driving The World Bank and MIGA climate action. The LoA template is part of a broader World Bank LoA package which consists of template documents and guidance for countries to authorize carbon market activities. The event benefited from the participation of important market experts including Benedict Chia of National Climate Change Secretariat, Singapore, Francesco La Camera of International Renewable Energy Agency (IRENA), Marie Owens Thomsen of International Air Transport Association (IATA), Dirk Forrister of IETA, and Margaret Kim of Gold Standard. Join us in celebrating this step towards unlocking the potential of carbon markets for the benefit of both investors and communities. Watch the full event here: https://lnkd.in/gQtxk8Eb and learn more about the new LoA here: https://lnkd.in/gd7vcgCe. This launch was followed by a discussion on Friday among senior aviation and technology experts on how the MIGA LoA and WBG Guarantees can facilitate #CORSIA implementation. Watch the event at https://lnkd.in/g6wDpc-W to hear the views shared by Jane Hupe of International Civil Aviation Organization, Marie Owens Thomsen of IATA, Deniz DAŞTAN of Turkish Airlines and John Melby of Xpansiv.

Great news: ICVCM has approved REDD+ methodologies, including ART TREES, as one of first standards for nature-based credits to be approved for its Core Carbon Principles (CCPs). Jurisdictional REDD+ programs set the standard for high-integrity carbon credits, and ICVCM’s decision is a powerful validation of their quality. We’ve already seen private sector leaders with bold climate goals committing to buy these credits through the LEAF Coalition. This vote of confidence is poised to amplify demand, unlocking even more funding to empower forest nations in their fight against tropical deforestation. 🔗 For details of the decision: https://ow.ly/Rxx050U7Eyv

It’s official, #VCM’s Carbon Exchange Platform is live!   23 companies joined us for launch day, where we auctioned over 2.5M tonnes of high-quality carbon credits. This platform is a big step toward scaling Saudi Arabia’s carbon market and advancing global #NetZero goals. We’re looking forward to this next chapter of our journey and to channeling more finance toward climate projects across the #GlobalSouth. #ClimateAction Read more:

Our Exchange Platform is launching on the sidelines of #COP29 in Baku. This significant milestone will help drive funding to climate projects and support the transition to #NetZero. We’ll be hosting a panel discussion during the launch event to discuss the challenges and solutions to scaling voluntary carbon markets globally, as well as the MENA region’s role in generating high-quality carbon credits. Industry experts joining the panel include Musaab AlMulla, Aramco, Energy and Economic Insights; Steve Kelly, 1PointFive International; John Melby, Xpansiv; and Taleh Musayev, SOCAR Trading. #VCM aramco 1PointFive Xpansiv SOCAR Trading

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Commonwealth LNG and Kimmeridge Texas Gas (KTG) are taking an important step towards LNG production with transparent supply chain emissions disclosure. They've just announced their time-bound commitment to obtaining MiQ certification for their natural gas operations, potentially setting a new standard for transparency and reduced emissions in the industry.   Key highlights: 🔵 First use of certified emissions data to provide a baseline to inform high-quality carbon offsets. 🔵 Commonwealth and KTG will undergo comprehensive third-party audits to verify total carbon emissions, with a focus on methane through the MiQ Standard’s mitigation, monitoring and measurement practices. 🔵 This initiative supports Kimmeridge's innovative "wellhead-to-water" net zero cargo delivery for Scope 1 and 2 GHG emissions. 🔵 KTG’s Eagleford asset will complete MiQ Certification in 2025. Commonwealth LNG facility will commence certification efforts within one month of full commercial operations. 🔵 The decision to certify reflects the global rise in demand for transparent, low-emission LNG, especially with new EU regulations becoming operationalized in 2025. Read the media release to find out more: https://lnkd.in/eburwHgD

The EU's new methane regulation will force natural gas exporters to start accurately disclosing their methane emissions. This is what our CEO Georges Tijbosch told Fatima Sadouki for Montel News.   However, for the regulation to be effective, credible proof of traceability is required to avoid issues like double counting.   MiQ certification addresses this challenge. MiQ already certifies 20% of US gas production, and with the MiQ Supply Chain Protocol and the recent certification of Grain LNG, the EU can ensure its natural gas imports are low in methane emissions today.   Read the article in full here: https://lnkd.in/ehPYPwcr

🚨 Webinar Alert: Overcoming Carbon Credit Procurement Challenges 🚨 Join industry leaders Russell Karas, Head of Commodities at Xpansiv, and Sam Jackson, Director of Climate Science and Impact at Ecologi | B Corp™, in conversation with Anna MacDonald, Senior Technical Climate Consultant at Sylvera, as we dive deep into the complexities of carbon credit procurement and portfolio management. 🌍 Discover practical strategies to: ✅ Navigate procurement roadblocks ✅ Mitigate risks in the carbon credit procurement ✅ Optimize pricing to get the best value ✅ Implement best practices for managing your carbon credit portfolio Whether you're new to carbon markets or looking to enhance your existing strategy, this webinar will provide actionable insights to streamline your approach and maximize your sustainability impact. 💼🌱 📅 Date: Tuesday, October 29th ⏰ Time: 3 PM BST 🔗 Register now: [Link in comments] #CarbonCredits #Sustainability #ESG #Procurement #Webinar #Xpansiv #Ecologi

We launched trading in our The Integrity Council for the Voluntary Carbon Market (ICVCM) CCP standardized GEO® registry-specific contracts for CCP-eligible credits from ACR at Winrock International, Climate Action Reserve, and Verra yesterday. Thanks to all who made the launch day a success, including Mercuria Energy America LLC, ClimeCo, ElectroRoute, Valitera, South Pole, and Cross Stone Capital Management. For details, read the press release here: https://lnkd.in/eEau2u89 #energytransition #sustainability #netzero #emissions #carbon